Westpac Banking Corp lessened its position in shares of Vail Resorts, Inc. (NYSE:MTN) by 0.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 30,242 shares of the company’s stock after selling 200 shares during the quarter. Westpac Banking Corp owned approximately 0.08% of Vail Resorts worth $6,749,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in MTN. BlackRock Inc. boosted its holdings in shares of Vail Resorts by 5.9% during the 1st quarter. BlackRock Inc. now owns 2,491,909 shares of the company’s stock worth $541,493,000 after buying an additional 137,749 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Vail Resorts by 51.3% during the 1st quarter. Principal Financial Group Inc. now owns 1,563,580 shares of the company’s stock worth $339,766,000 after buying an additional 530,235 shares in the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Vail Resorts by 1.7% during the 1st quarter. William Blair Investment Management LLC now owns 990,320 shares of the company’s stock worth $215,197,000 after buying an additional 16,322 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Vail Resorts by 26.9% during the 1st quarter. Wells Fargo & Company MN now owns 875,639 shares of the company’s stock worth $190,276,000 after buying an additional 185,758 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of Vail Resorts by 10.5% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 502,152 shares of the company’s stock worth $109,118,000 after buying an additional 47,753 shares in the last quarter. 97.57% of the stock is owned by institutional investors and hedge funds.
In other news, insider Patricia A. Campbell sold 6,431 shares of the firm’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $235.53, for a total transaction of $1,514,693.43. Following the completion of the sale, the insider now directly owns 33,729 shares of the company’s stock, valued at approximately $7,944,191.37. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Robert A. Katz sold 64,913 shares of the firm’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $231.95, for a total value of $15,056,570.35. Following the sale, the chairman now directly owns 425,729 shares of the company’s stock, valued at $98,747,841.55. The disclosure for this sale can be found here. Company insiders own 2.90% of the company’s stock.
Shares of MTN traded up $0.84 during trading hours on Friday, reaching $235.45. The stock had a trading volume of 6,971 shares, compared to its average volume of 278,653. Vail Resorts, Inc. has a 12 month low of $179.60 and a 12 month high of $302.76. The firm has a 50-day simple moving average of $233.81 and a 200 day simple moving average of $220.92. The company has a current ratio of 0.76, a quick ratio of 0.62 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $9.52 billion, a price-to-earnings ratio of 37.41, a P/E/G ratio of 2.00 and a beta of 0.67.
Vail Resorts (NYSE:MTN) last released its quarterly earnings results on Thursday, June 6th. The company reported $7.12 EPS for the quarter, beating analysts’ consensus estimates of $7.03 by $0.09. The business had revenue of $958.00 million during the quarter, compared to analyst estimates of $958.39 million. Vail Resorts had a return on equity of 18.25% and a net margin of 13.71%. Vail Resorts’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.17 EPS. On average, equities analysts forecast that Vail Resorts, Inc. will post 6.99 EPS for the current year.
Vail Resorts Company Profile
Vail Resorts, Inc, through its subsidiaries, operates mountain resorts and urban ski areas in the United States. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment operates 11 mountain resorts, including Vail Mountain, Breckenridge Ski, Keystone, and Beaver Creek resorts in Colorado; Park City resort in Utah; Heavenly Mountain, Northstar, and Kirkwood Mountain resorts in the Lake Tahoe area of California and Nevada; Whistler Blackcomb in Canada; Stowe Mountain resort in Vermont; and Perisher in Australia, as well as 3 urban ski areas, such as Wilmot Mountain in Wisconsin, Afton Alps in Minnesota, and Mount Brighton in Michigan.
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